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...what happened to the $96 billion? Federal Reserve officials speculate that some of the money may be salted away in mattresses and piggy banks. Much more has probably seeped into the underground economy, where drug dealers and organized crime bosses, as well as otherwise law-abiding citizens, make cash- only transactions that go unreported to the Internal Revenue Service. Finally, billions of dollars have undoubtedly journeyed overseas, because many foreigners like to hoard American money, especially in countries with unstable currencies...

Author: /time Magazine | Title: Currency: Searching for the Black Hole | 2/24/1986 | See Source »

Sure, compared to Screw magazine and the underground porn film industry which sometimes gets its "talent" by kidnapping, drugging, and then raping women on film, any mention of SI as "sexist" or "harmful" can be seen only as misplaced zeal, making the mag a victim of the anger and resentment it never imagined it would engender. And there are those who will find SI's title, "Ornaments of Society", a lighthearted, self-conscious joke--a joke on all who would take it seriousy as anything other than a shot of midwinter warmth, not to mention an ad-revenue extravaganza...

Author: By Melissa I. Weissberg, | Title: Not Saying Much | 2/13/1986 | See Source »

...Phillips Petroleum Co., quietly closed down Petunia's oil production last April, for public relations purposes Phillips will continue to tap the well's small yield of natural gas. Thus, as the Tulsa Tribune put it, "Oklahoma still has a distinction as a capitol: two sources of gas, one underground and one in the legislature...

Author: /time Magazine | Title: Oklahoma: A Wilted Petunia | 2/3/1986 | See Source »

Finally, now that Cambridge has moved its bus stops--and the accompanying wooden shelters that kept people warm and dry--from Cambridge Common to the underground shelter beneath Harvard Square, will the College erect a shelter for cold and wet shuttle riders across from the old burying ground? Or will it possibly find a route system that is less complex and doesn't require you to wait for more than 15 minutes for a bus? Don't bet on it. For as sure as death and taxes, it's a long way from the suburbs to the city...

Author: By John Rosenthal, | Title: Shortchanging the Suburbs | 1/30/1986 | See Source »

...Underground grosses $500-$800 a week, Murphy says. Manned by only the four managers and three others, each person is paid $20 a night...

Author: By Meilin Kwan-gett, | Title: Bagels Bring Bucks to House Grills | 1/13/1986 | See Source »

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